Too bad the market has turned into a pump to dump market due to uncertainties with the unprecedented policies. It's become hard to do directional trading, it's just directionless and volatile .........................
Even NVDA got dumped today, down more than 3% right now, something must be wrong behind the scenes ...........................
So, a logical question to ask at this juncture is if ES 5920 going to hold or not by the close today? But let's see if we get another pump-up before anything............................
Well, the IT bullish trendline was finally smashed, this is now no longer an IT bull market as defined by trendlines, still a LT bull market though. Today's mini crash removed all the 2025 YTD gains for SPX and NDX........................
The market is on a VST oversold bounce, but I see it's not going to last as there is more downside work to be done at this juncture .................................
Edited by redfoliage2, 28 February 2025 - 11:11 AM.